The Best Online OpenCart Cryptocurrency Payment Plugin Gateway

 

With payment gateways, merchants have the possibility to accept credit or debit card payments, linking the payment processors (those services that add the card charges) with the providers of the merchant's bank account (the service that makes your payment systems available ). Opencart payment gateway is payment services that are normally provided in exchange for an additional fee, and that process bank cards online through an e-commerce page, or in person through a dataphone .

OpenCart trading solutions offer secure cryptocurrency payment processing for newcomers. The Bitcoin Payment Module for OpenCart allows Bitcoin (BTC), XEM and Dash payments to be accepted on your OpenCart website. Download and integrate an OpenCart extension, set up an OpenCart trading project and start accepting cryptocurrencies in your store right away.

How much do payment gateways cost?

Payment gateway providers are not transparent when it comes to the prices of their data phones. Each payment may have different commissions associated with it, and it is not clear what they correspond to.

In addition to the percentage per transaction, many payment gateway and payment processing method providers charge some or all of the following fees:

• monthly maintenance fees

• subscription fees

• PCI compliance fees

• initial setup fees

• batch commissions

• fees for returns or refunds

• higher prices for transactions with cards such as American Express.

How payment gateways work

The transaction takes place in the same way, whether you are using a card-present payment gateway or a virtual gateway. The difference is that online and mobile payments use digital capture files to package card information, rather than data produced by the payment terminal.

The buyer makes a card payment through (the payment terminal) the merchant or their e-commerce page. See more

The payment gateway:

• redirects the transaction information to the bank that processes the payment (the merchant's bank or payment processor);

• determines which card network (Visa, MasterCard, or American Express) is issuing the buyer's card; Y

• transmits the transaction information to the corresponding payment switch.

The payment switcher transmits the request to the buyer's credit card issuing bank (the issuing bank), from where the transaction information will be redirected to the corresponding card network.

The issuing bank implements its fraud detection procedures to determine the legitimacy of the transaction and confirms whether the buyer has sufficient funds in their bank account to be able to make the purchase.

The issuing bank approves (or rejects) the transaction and sends this information through the card network to the merchant's bank and payment gateway.

You can think of the payment gateway as a train that passes through different stations, whose driver talks to the person in charge of each station as he makes the different stops.

How to install the Bitcoin OpenCart payments extension

• Installation

• Download the OpenCart Bitcoin Payment Extension.

• Upload content to your OpenCart directory.

Generate Private and Public keys:

Go to the plisio.net page, open the "Project" section, and click on your project. Select "Edit Project" and then click the "Generate" button (next to the Public key field). You will get an automatically generated private key – download and save it. A matching public key will be generated automatically and added to your project.

Before you sign up for any payment gateway, make sure you do your homework and check for any hidden fees or charges. It also confirms that you understand how the Opencart payment gateway will fit in with the solutions you already have.

Whether your business is growing, you are opening a new location, or you are accepting card payments for the first time, it is important that you have a clear view of what the different combinations of costs are for payment gateways, payment processors and merchant accounts before you commit to anything.

For more information kindly visit our website: https://plisio.net/opencart-accept-crypto